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Accord cuts 85% LTV mortgages by up to 0.15%

Accord Mortgages, the intermediary arm of Yorkshire Building Society, has cut the rates on its 85 per cent loan-to-value range by up to 0.15 per cent.

The lender has cut a number of two-year fixed rates, one being reduced by 0.1 per cent to 4.09 per cent. The product is available for a fee of £1,995.

It has also cut a three and five-year fixed rate by 0.15 per cent to 4.94 per cent and 5.54 per cent respectively.

Group intermediary manager for mortgages Steve McAvan says: “We have taken the decision to cut rates on our 85 per cent LTV mortgage range following recent swap rate movements.

“The range offers a broad spectrum of choices for borrowers with a 15 per cent deposit, including products with low fees and incentives which could be particularly useful for first-time buyers. We like to ensure brokers have a range of deals to choose from when seeking to meet the needs of their clients.”

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